“Corporate America is facing two great constraints: cash-flow and taxes. As for corporate tax reform, if we really want to move into a sustainable growth economy, reducing corporate taxes in line with the rest of the world is critical.” - Henry Wozow, CEO
Spokane, WA -- (SBWIRE) -- 03/05/2015 -- There is a lot of momentum in the capitol for corporate tax reform in 2015. At 35%, the U.S. corporate tax is the highest among developed countries, being just behind France. A major part of the issue under consideration for change is the United States' practice of taxing "worldwide" income, whereas most developed countries only tax profits within their own country.
The president wants a competitive but "fair" cut to the corporate tax rate, to 28%. Republicans want it to be 25%. While reducing the corporate tax rate in general, President Obama also wants to raise taxes on existing U.S. profits earned and held abroad.
Additionally, there is still considerable disagreement on closing corporate loopholes, which many businesses rely upon.
"Corporate America is facing two great constraints, cash-flow and taxes. As for corporate tax reform, if we want to move into a sustainable growth economy, reducing corporate taxes in line with the rest of the world is critical." - Henry Wozow, CEO. "Invoice factoring services solve the cash-flow problems for many B2B businesses in a wide variety of industries. Using factoring as a type of financing also allows for businesses that owe taxes, an opportunity to clear up lingering tax issues so that the business can focus on growth. Businesses should be thriving in this recovered economy and if the corporate taxes are adjusted, they will have even more of an opportunity to do so."
As tax season dawns, the principal's at Universal Funding Corporation will keep a close eye on the corporate tax reform issue in regards to how it affects their clients' bottom lines.
About Universal Funding
Universal Funding Corporation is a privately-held factoring company providing businesses with working capital to stabilize cash flow and foster growth. Since 1998, Universal Funding has been personalizing invoice factoring financing solutions by examining each business, the climate of their industry, and the strength of their customers. They are committed to their factoring clients and are able to offer scalable programs that grow as their business grows. Universal assembled a dynamic team of specialists, who strive to provide the same excellent service every day. Universal's clients experience first-hand the value of Universal's business relationships. Those relationships are far more than the quantity of business that they do together. Based in Spokane, Washington, Universal Funding provides account receivable financing for companies throughout the United States.
Universal Funding Corporation
Heather Burford, Marketing Manager
16201 East Indiana Avenue, Suite 2600
Spokane, WA 99216